When GM CEO Daniel Akerson recently compared one of his company’s cars to a can of Diet Coke, investors and, no doubt, employees cringed. After all, the belief that cars were no more than expensive consumer products is what cau…
The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Tr…
For the first time since June 2009, shares in General Motors have begun trading on the New York Stock Exchange, opening Thursday at $35. In early morning trading, the Detroit automaker’s shares continued to drive higher, up ove…
General Motors will increase the size of its IPO by almost one-third to meet strong investor demand.
The company said it will increase the IPO to 478 million common shares, 31% more than the planned 365 million. These figures exclude the amount of sha…
GM reportedly plans to raise the price range on its pending initial public of stock to as much as $33 a share. The increase to $31 to $33 a share from the initial $26 to $29 a share is being prompted by strong demand for the st…